Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows, Unaudited

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Condensed Consolidated Statements of Cash Flows, Unaudited - USD ($)
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from Operating Activities    
Net loss $ (618,000) $ (472,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Fair value of options and warrants issued as compensation 14,000 27,000
Amortization of debt discount 65,000 54,000
Accrued interest expense 84,000 71,000
Depreciation 2,000 1,000
Gain on partial forgiveness of PPP note payable 0 (63,000)
Changes in operating assets and liabilities:    
Prepaid expenses and other assets 16,000 (4,000)
Decrease in operating lease right of use asset 0 17,000
Accounts payable and accrued expenses 15,000 109,000
Accounts payable – license agreements 118,000 118,000
Operating lease liabilities 0 (16,000)
Net cash used in operating activities (304,000) (158,000)
Cash flows from investing activities    
Purchase of property and equipment 0 (1,000)
Net cash used in investing activities 0 (1,000)
Cash flows from financing activities    
Net proceeds from exercise of warrants 42,000 98,000
Net proceeds from issuance of convertible notes and warrants 210,000 0
Principal payment on PPP loan payable (9,000) 0
Net cash provided by financing activities 243,000 98,000
Net increase (decrease) in cash (61,000) (61,000)
Cash, beginning of period 133,000 114,000
Cash, end of period 72,000 53,000
Cash paid during the year for:    
Interest 0 0
Income Taxes 1,600 0
Non-cash investing and financing activities    
Conversion of convertible debentures to common stock $ 170,000 $ 6,000